Archer Daniels Midland (NYSE:ADM) Hits New 12-Month High – What’s Next?

Archer Daniels Midland Company (NYSE:ADM) reached a new 52-week high on Tuesday . The stock traded as high as $68.43 and last traded at $68.0290, with a volume of 283820 shares trading hands. The stock had previously closed at $67.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ADM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Archer Daniels Midland in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Archer Daniels Midland from $59.00 to $60.00 and gave the company an “underweight” rating in a research report on Wednesday, January 21st. Morgan Stanley downgraded shares of Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. Zacks Research upgraded shares of Archer Daniels Midland from a “strong sell” rating to a “hold” rating in a research note on Friday. Finally, UBS Group reaffirmed a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Archer Daniels Midland presently has a consensus rating of “Reduce” and a consensus price target of $54.50.

Archer Daniels Midland Price Performance

The firm has a market cap of $32.84 billion, a P/E ratio of 27.91, a P/E/G ratio of 4.62 and a beta of 0.70. The firm’s fifty day simple moving average is $60.51 and its 200 day simple moving average is $59.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.92 and a current ratio of 1.37.

Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Archer Daniels Midland had a return on equity of 8.01% and a net margin of 1.43%.The company had revenue of $20.37 billion during the quarter, compared to analyst estimates of $20.96 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2025 guidance at 3.250-3.500 EPS. As a group, analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Wednesday, November 19th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, November 19th. Archer Daniels Midland’s payout ratio is currently 83.27%.

Hedge Funds Weigh In On Archer Daniels Midland

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. bought a new stake in Archer Daniels Midland during the second quarter worth approximately $25,000. Toth Financial Advisory Corp purchased a new position in shares of Archer Daniels Midland in the 4th quarter worth approximately $25,000. Trust Co. of Vermont raised its holdings in Archer Daniels Midland by 367.0% during the 3rd quarter. Trust Co. of Vermont now owns 509 shares of the company’s stock valued at $30,000 after buying an additional 400 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Archer Daniels Midland by 313.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 509 shares of the company’s stock worth $30,000 after buying an additional 386 shares during the last quarter. Finally, Trust Co. of Toledo NA OH bought a new stake in Archer Daniels Midland in the second quarter worth $32,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.